News & event 20 July 2017

Travel Retail: L'Oréal's 6th continent

"In a highly volatile global market, L’Oréal Travel Retail had a good year and strengthened its leadership in the distribution channel(1). Digital technology is transforming and galvanising Travel Retail, particularly where Millennials(2) are concerned. The channel is also becoming more accessible thanks to the development of low-cost airlines, and is growing to handle the surge of new middle class consumers – especially Chinese customers, whose numbers are slated to double by 2023(3)."
VINCENT BOINAYManaging Director L’Oréal Travel Retail 

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(1) Source: Generation 2015 data and internal estimates.
(2) Generation born between 1980 and 2000.
(3) Source: Paxmart, 2016.